In our “Stock” section, we cover news and developments related to traditional financial markets and publicly traded companies. Here you will find information about stock market trends, major companies, and the intersection between stocks, fintech, and cryptocurrencies. Read the “Stock” section on ForkNews to stay informed about movements in the global financial markets.
Huobi, one of the largest cryptocurrency platforms, will open its office in Russia on November 12, as announced at the international conference “Blockchain Life”, held in St. Petersburg on November 7-8, the head of Huobi Russia Sergey Grachev and the director of Huobi Global Edward Chen.
Cybersecurity company Group-IB, in partnership with IT platform CryptoIns, says it has developed “the world’s first rating system to determine the insurance premiums needed to adequately cover crypto assets held on major exchanges.”
Coinbase offers its employees $5,000 a year to cover medical services like egg freezing. This employee benefit comes along with Coinbase's health insurance.
OKEx Corporation, a popular cryptocurrency platform, announced the launch of new XRP/BTC and LTC/BTC pairs for margin trading. Trading became available to users from 7:00 UTC. The Hong Kong exchange notes that the expansion is due to meeting public demand for the growing popularity of margin trading.
Most of the stolen funds from this year's Bithumb hack were sent to the Russian exchange Yobit. Crystal Blockchain Analytics analysts came to this conclusion after a thorough study of the data.
Accounts indirectly associated with controversial crypto platform World Exchange Services (WEX) have been frozen by Binance. 93,000 ETH coins were transferred to this exchange from two WEX cold wallets, and users are concerned that their funds may be lost forever.
Even under the pressure of a bearish paw, investors see prospects in the crypto business. Crypto exchange Coinbase has announced that it is now valued at more than $8 billion after it closed a new $300 million round of funding to "accelerate the adoption of cryptocurrencies and digital assets."
Nearly nine months after the largest hack in the history of the crypto industry, Coincheck has opened new user registrations and resumed trading on a limited basis.
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